International Monetary Fund which noted that global public debt had edged up to 93% of GDP last year, and was still 9 percentage points higher than pre-pandemic levels. The IMF projected that global public debt could near 100 % of GDP by the end of the decade.

We haven’t seen this kind of debt since the Napoleonic Wars, we are getting close to 100% of the global GDP in debt. global debt ratios are close to levels not seen since the 1820s and there was a “stagflation” risk for advanced economies.